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To: goldstategop
Ahh, good ol' price controls. That gas will be cheaper... if you can get any.
13 posted on 04/28/2006 7:21:15 AM PDT by Gordongekko909 (I know. Let's cut his WHOLE BODY off.)
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To: Gordongekko909
Ahh, good ol' price controls. That gas will be cheaper... if you can get any.
Exactly.

The secret of price economics is the nature of money. Money is entries in bank accounts, or numbers on paper in your wallet. Money is information. The money in you checking account is, roughly speaking, the product of the price (bid) you have been able to command for your work, times the amount of work you have done - less all the money others have been able to command from you for providing you with food, shelter, and the rest of the things you consider essential or valuable. Yes, including gasoline and other fuels.

Money is numerical information, just as prices are. Prices are influenced by not only by supply but by demand. Notwithstanding the finite supply of my excrement, nobody has yet bid the price of it up to $100/pound. Perhaps that situation will change in future; prices do change when circumstances change. For example, it might be understandable that the price of fuel should have risen if the Indians and the Chinese are, taken together, now using as much oil as we ourselves (greedy absorbers of resources as Al Gore then styled us with our internal combustion engines in SUVs) used as recently as ten years ago, smack in the middle of the Clinton Administration.

Congress can hold hearings if it wishes, but it need not expect to persuade me that censorship of the facts - which is what "price controls" attempt to do - can make fuel more plentiful when worldwide demand of fuel is rising. Congress cannot make fuel, and the people who do - the oil companies - do so despite not because of Congress, and because of rather than in spite of the free communication mechanism known as market pricing.


19 posted on 04/28/2006 7:18:59 PM PDT by conservatism_IS_compassion (The idea around which liberalism coheres is that NOTHING actually matters but PR.)
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